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Robotic process automation (RPA) is the fastest growing segment of the enterprise software market globally, and this is set to continue in 2021. Gartner predicts the market will reach a value of $1.89 billion in 2021, an increase of 19.5 per cent from 2020. Its benefits within healthcare were highlighted this year, with automation deployed to help categorise and distribute Covid test results along with appointment scheduling, data entry, and other admin tasks at a time when resources have been severely strained.

Source: healthcareglobal.com

In Vitro Diagnostics are used to diagnose, monitor, screen and assess predispositions to diseases. By allowing earlier and more targeted treatments, IVDs help reduce hospital stays, resulting in healhtier populations, reduced costs and economic growth in the long run.

Source: medtecheurope.org

Among the variables that influence medical decisions, laboratory tests are considered to be among the most important and frequently used. This investigation examined how frequently laboratory tests were included in the medical records of a large number of patients with a large mix of different clinical conditions. In addition, differences in frequency of ordering laboratory and other diagnostic tests in inpatient, outpatient, and emergency department care areas were examined. Consequently, the conclusions represent a comprehensive examination of how frequently laboratory and other diagnostic tests were available to inform medical decisions.
Source: academic.oup.com

Applying cost of quality principles is a solution that assists labs in making fiscally sound decisions while maintaining high standards of quality. Quality processes have a clear relationship with laboratory costs. If more money is invested in good quality processes, there will be both fewer errors and decreased costs related to failure recovery. If little attention is given to good quality processes, failures (and the corresponding cost of poor quality) will increase.
Source: mlo-online.com

Because laboratory services play a major role in the key processes of detection, assessment, response, notification and monitoring of public health events, accurate assessment of the costs of laboratory testing is essential for cost-effective laboratory administration and correct resource allocation. WHO has launched a tool to calculate the cost of a single laboratory test and help evaluate the laboratory’s annual testing costs.
Source: euro.who.int